Quick Read – Gas prices jumped from $2.98 to $4.10 per gallon after Trump’s Iran military strike briefly sent crude above $100 per barrel. – Fewer than 5% of U.S. gas stations are owned by major oil companies, meaning Chevron cannot dictate retail pump prices. – Ongoing…
opolitical uncertainty from Trump’s repeated threats to resume Iran strikes keeps a risk premium baked into oil prices. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Chevron didn’t make the cut. Grab the names FREE today
High energy prices have become one of the biggest inflation stories of 2026. According to AAA, the national average price for regular gasoline now sits around $4.10 per gallon, up sharply from roughly $2.98 before the Iran conflict erupted earlier this year. Every trip to the pump reminds consumers how quickly geopolitical events can ripple through household budgets.
For investors, it also highlights an important lesson: commodity markets don’t respond to political demands. Oil prices are set globally, retail gasoline prices are set locally, and neither changes because a president posts on social media. Oil Companies Aren’t the Ones Setting Pump Prices President Trump took aim at Chevron (NYSE:CVX) this morning after CEO Mike Wirth appeared on Fox Business with Maria Bartiromo discussing the company’s strong performance.